CBR 02 Conscience of Capitalism (PDF)




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Title: CBR-02 Conscience of Capitalism.pptx [Sólo lectura]
Author: María León Woppke

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Charles  L.  Griswold  Jr.  1991.  Adam  Smith:  
Conscience  of  Capitalism.  The  Wilson  Quarterly  
15  (3):  53-­‐61.    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

The  real  and  imagined  Adam  Smith.  Everyone  
has  heard  of  the  ScoVsh  philosopher  Adam  
Smith  and  has  an  opinion  about  him,  yet  very  
few  people  have  read  or  truly  understand  him.  
PoliXcal  conservaXves  in  the  English-­‐speaking  
world  oZen  menXon  him  to  support  their  
poliXcal  agenda.  In  the  former  Soviet  Union,  
however,  his  name  is  associated  with  the  worst  
aspect  of  Western  civilizaXon:  selfishness.  

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

What  do  poli3cal  conserva3ves  believe  in?  
Personal  economic  freedom  and  limited  
government  intervenXon,  usually  coupled  with  
tradiXonal  moral  values.  They  believe  that  
economic  freedom  promotes  human  creaXvity,  
and  that  society  benefits  from  that.  The  
benefits  of  increased  producXvity  are  believed  
to  eventually  “trickle  down”  to  the  rest  of  
society.  That  is,  the  wealth  generated  by  the  
wealthy  creates  new  opportuniXes  for  
everyone  else.    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

What  was  the  Soviet  Union?  A  socialist  
republic  founded  in  1917  based  on  communist  
principles,  that  is,  promoXng  the  good  of  the  
whole  society  rather  than  the  good  of  the  
individual  ciXzen.  It  collapsed  in  1991,  and  
most  Westerners  think  that  was  because  the  
capitalist  system  is  infinitely  superior.    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

Then  versus  now.  Smith  was  a  philosopher  
with  a  background  in  economics.  He  promoted  
capitalism  before  it  had  been  tested  on  a  large  
scale,  as  it  would  be  later  in  the  United  States.  
The  BriXsh  system  has  always  been  more  
socialisXc  in  nature.  Today  his  ideas  seem  to  
jusXfy  the  excesses  of  the  U.S.  model,  but  this  
in  unfair.  The  U.S.  example  came  later,  and  it  
was  not  theoreXcal  in  nature;  it  was  a  real-­‐life  
experiment  that  produced  huge  amounts  of  
wealth.    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    

HIN  4312-­‐15  Cultura  Británica,  Dr.  Jason  Kendall  Moore,  Universidad  de  Playa  Ancha,  Campus  San  Felipe,  Segundo  Semester  2013    






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